The Chinese giant Gotion High-Tech will finally build its Moroccan factory for manufacturing batteries for electric vehicles in Atlantic Free Zone, the free zone in the city of Kenitra dedicated to the automotive sector, rather than in the commune of Bouknadel, in the Rabat region. -Salé-Kénitra,
The new site selected is located not far from the Stellantis factory, which demonstrates Gotion High-Tech’s desire to get closer to its potential customers. The Chinese group has also chosen to set up at Atlantic Free Zone in order to take advantage of the future port of Kenitra Atlantique, which is scheduled to come into service in 2030, reports Challenge.
Read: News for the giant battery factory in Morocco
The German car manufacturer Volkswagen will participate in the capital of the future Moroccan subsidiary of Gotion High-Tech up to 40%. The establishment of this gigafactory should cost 65 billion dirhams, which represents the largest foreign industrial investment in Morocco after that of Renault in Tangier.
Read: Morocco, the new El Dorado for electric car batteries?
At the end of last May, the Chinese giant signed a memorandum of understanding with the Moroccan Agency for Investment and Export Development (AMDIE) relating to the construction of a battery factory for electric vehicles. It should be operational from the second half of 2026.
Gotion High-Tech, listed on the Shenzhen Stock Exchange, achieved a turnover of around 30 billion Yuan (more than 40 billion dirhams) in 2023.
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